On the same page with a taxonomy
To meet the need for high-quality information, a taxonomy is required. A taxonomy is a precise specification of what needs to be reported to the party requesting the data. A taxonomy typically consists of a dictionary containing relevant concepts and a description of the required (accountability) information. The taxonomy includes clear definitions, allowing reporting entities to submit the necessary information.
Processing unstructured information is both challenging and error prone. Taxonomies offer detailed definitions and rules, resulting in fewer errors and higher data accuracy.
When you use a taxonomy, data is more structured and standardised. So, comparisons between reports are easy to do and data can be shared more easily between organisations.
Reduce your reporting burden
A taxonomy reduces your reporting burden by enabling data submission once, allowing multiple uses. This streamlined approach saves time and enhances reporting and information processing efficiency.
Who is this for?
- Banks and financial institutions
- Government agencies
- Standard setters
- Chambers of commerce
- Trade Associations
A q&A with Aimée Latuheru
Applying Taxonomies in Sustainability Reporting
Don't just take our word for it
At Visma Connect, we take pride in being at the forefront of information exchange. See what a few of our valued partners have to say about us:
Visma Connect has been our reliable supplier for taxonomy modeling for many years. Thanks to their commitment, accumulated expertise, and the short communication lines during the development process, we are able to quickly arrive at the right queries for our banking chains.
I got to know Visma Connect B.V. better over the past few months. They quickly built a connection between #ionbiz and Twinfield. With this integration, we can help McCoy keep their accounting in sync with operational sales. I am happy with the collaboration.
From the tender, ZIN was looking for a proactive supplier to guide and advise ZIN in the development and implementation of improvements to the applications and to shape this through a partnership rather than a customer-supplier relationship. This includes, among other things, the further development and application of innovations within the KIK-V program, especially the KIK-Starter and various products of iStandaarden. In Visma Connect, we have found this innovative partner, and together, we are building towards a better future for healthcare in the Netherlands.